World News

Battery-powered Onboard Power Control Systems Offer Competitive Advantage

ABB technology to be installed on shuttle tankers hold prospect of efficiency gains.

19 Oct 2020

All Eyes on IMO for Carbon Compromise Talks

The IMO's Intersessional Working Group on Reducing GHGs From Ships is meeting this week to examine binding short-term decarbonisation measures.

19 Oct 2020

Eastern Pacific Shipping Launches Biofuel Trial on MR Tanker

The first bunkering took place in the Netherlands on October 9.

18 Oct 2020

Oil Ekes Out Weekly Gain Despite Covid, OPEC Concerns

Confidential OPEC document discussed the possibility of the second COVID wave pushing the oil market into surplus next year.

16 Oct 2020

GP Global to Creditors: Give Us 3-6 Months to Sell Assets and Restructure

A restructuring report for the company's creditors shows its plans to recover from its recent troubles.

16 Oct 2020

Oil Dips On Covid Restrictions But Stock Draws Ease Losses

Meanwhile, IMF foresees huge resurgence in economy by 2025.

15 Oct 2020

Weekly Vessel Scrapping Report: 2020 Week 41

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from October 8 – October 14, 2020.

15 Oct 2020

Ex-GP Global Man to Head New UK Trading Office

East Med's Island Oil eyes expansion with new London location.

15 Oct 2020

Gas Bunker/Supply Vessel Heads to Southeast Asia

For Petronas charter as part of small-scale LNG supply initiative,

15 Oct 2020

Oil Continues To Rise On Inventory Declines And Weak Dollar

However, rising virus rates in Europe limit investor enthusiasm.

14 Oct 2020

Bunker Jobs: Credit Risk Manager

Arte Bunkering offering role in either Hamburg, Singapore or remote office.

14 Oct 2020

Oil Rebounds On Strong China Data, Demand Recovery Outlook From UAE

Meanwhile, the IEA predicts a global energy recovery by 2023.

13 Oct 2020

COVID vs IMO2020: Average Price Paid for Bunkers Down 10% so Far in 2020 vs 2019

Last year when the industry was preparing for the new fuel rules to raise bunker costs 30-40%.

13 Oct 2020

Wallenius Marine Joins International Windship Association

Direct wind propulsion as a key solution to the industry decarbonisation challenges, firm says.

13 Oct 2020

Brazil: Petrobras Probe to Include Bunker Contracts

Long-running graft investigation to look at refuelling oil firm's tanker fleet.

13 Oct 2020

Senior Staff Among Recent GP Global Departures as Clouds Darken Over Firm's Future

"It's now very difficult to see them having a swift way back into the market," says SeaCred's Silber.

12 Oct 2020

Oil Drops Again As Production From Multiple Sources Resumes

Meanwhile, Covid continues to colour analytical outlooks.

12 Oct 2020

Zero-Carbon Ships "Technically Ready" by 2024: LR

But land-based infrastructure is lagging behind.

12 Oct 2020

Another LNG-Powered Vessel Joins Carnival Fleet

Following Friday's official handover ceremony with the Meyer Werft shipyard in Germany.

12 Oct 2020

GP Global's Sisodia Joins Oilmar

As Credit Risk Manager.

12 Oct 2020